Home > Uncategorized > Shame in Spain.

Shame in Spain.

thThe other side of the export coin are stories such as this

To quote

As recently as last week, just before controversial investment research firGotham City Research alleged 90pc of Gowex’s revenues were falsified, and its shares worthless, García Martín was the guest of honour on state radio.

You have to question how a business can successfully overstate its revenue by a multiple of 10 for four accounting years? Where on earth was the scrutiny? To my mind this is even worse than the Parmalat scandal

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